Preliminary CMS data for 2010 put the payment error rate for Medicare Advantage plans at 14.1 percent, well above error rate rates for both Medicaid and traditional Medicare. That amounted to $1.6 billion in erroneous payments by Medicare Advantage plans in 2010.
The comment period for the proposal to create RACs for Medicare Parts C and D just closed but it will likely be several months before CMS releases a proposed rule.
Read John Paul Spencer’s report on RACs.
Read more coverage on plans to launch RACs for Medicare Advantage plans:
– 15 Requirements for Medicare Part C RACs Requested by AHA
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
